SINGAPORE: Troubled Singapore computer education provider Informatics Holdings Ltd said yesterday it has agreed to place 62.7 million new shares at 25 Singapore cents each to an investment unit of Indonesian-born tycoon Oei Hong Leong.
Oei's Chip Lian Investments Pte Ltd, which already owns 8.29% of Informatics, will pay S$15.7mil for the new shares.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
